Chapter 12/Farm Cases
The obligation on a mortgage is incurred when the mortgage is granted, even though the payment default may occur after filing, Judge Thuma says.
To provide loan forgiveness for certain borrowers of Department of Agriculture direct farm loans, and for other purposes.
Pending adversary proceedings don’t preclude a finding that the chapter 11 case has been ‘fully administered,’ thus allowing entry of a final decree and cutting off further fees owing to the U.S. Trustee Program.